Section 4A — Local Government Finance Act 1988: Power to confer additional partial reliefs: Wales

Power to confer additional partial reliefs: Wales 4A 1 Where this paragraph applies in relation to a hereditament, the chargeable amount for a chargeable day is to be calculated in accordance with the formula— A × M C - F.

2 This paragraph applies in relation to a hereditament where—

a the hereditament is situated in Wales, and b on the day concerned, in relation to the hereditament—

i conditions prescribed by the Welsh Ministers in regulations are satisfied, and ii F is an amount that is greater than 0 but less than the sum of— A × M C.

3 Regulations under sub-paragraph (2)(b)(i) may—

a prescribe more than one condition or set of conditions that may be satisfied such that this paragraph applies;

b make provision about the application of more than one condition or set of conditions in relation to a hereditament.